SIMPLIFIED NRI SAVINGS ACCOUNT TARRIF STRUCTURE w.e.f June 01, 2015
BALANCE MAINTENANCE CRITERIA
NRI Normal Savings Account (SBNRE, SBNRO, NROBN, NROFS, NRTHE & NRTHO)
Monthly Average Balance Accounts Location / Branch
Category
Fees in case AMB/TRV not maintained
Rs. 10,000
All Savings and Current Accounts within the same
customer ID
Metro/Urban /Semi Urban / Rural
Rs 5 per Rs.100 of the shortfall from Average
Monthly Balance Requirement OR Rs 350,
(plus service tax) whichever is lower NRI Prime Savings Account (NREPM, NROPM, NREMA, NROMA)
Rs. 25,000
All Savings and Current Accounts within the same
customer ID
Metro/Urban /Semi Urban / Rural
Rs 5 per Rs.100 of the shortfall from Average
Monthly Balance Requirement OR Rs 350,
(plus service tax) whichever is lower NRI PIS Savings Account (NREPI and NROPI)
Monthly Average Balance Requirement : NIL
Debit Card Fees
Visa Classic Titanium Prime Titanium Rewards
Issuance Fees Rs. 95/- Nil Rs. 500/-
Annual Fees
Metro/Urban - Rs. 100/- Semi Urban/ Rural - Rs. 50/-
Rs. 150/- per year (This will be waived on purchase of Rs. 50000 or 10 purchase transaction of any value in
anniversary year using the Debit Card
Rs. 300/-
Replacement Fees Rs. 100/- Rs. 150/- Rs. 150/-
My Design Card Issuance Fee As per Card variant + Rs. 150/- My design Card fees + Taxes
Cheque Book Fees NRI Normal NRI Prime
Cheque Book Free Limit
One multicity Cheque Books Free per quarter
(20 leaves)
One multicity Cheque Books Free per quarter
(20 leaves) Cheque book Issuance Fees beyond Free Limit, if Any
(Refer Table) Rs. 50/- per cheque book
Account Closure Fees
Account closed <= 14 days or > 6 months from the date
Account closed >14 Days to <= 6 months from the date
of account opening Rs. 500/-
Internet Banking Hardware Token
Netsecure with 1 Touch Rs. 800/- (Issuance), Rs. 500/- (Replacement)
TRANSACTION FEES
Cash Transaction fees for NRI Savings Account (applicable for NROPM/SBNRO/NROZR)
Cash Transaction Free Limit (Metro/Urban) First 5 Transactions or Rs. 10 Lakhs whichever is earlier**
Cash Transaction Free Limit (Semi Urban / Rural) First 10 Transactions or Rs. 10 Lakhs whichever is earlier**
Post free limit, Rs. 5/- per Rs. 1000/- on the Cash deposit / withdrawal amount or Rs. 150/- whichever is higher shall be charged
In addition to the above mentioned fees, service tax/other applicable taxes shall be charged and payable by the customer as per Government Rules and Regulations. Fees shall not be applicable on Cash Transactions at Axis Bank ATMs.
** Value of Transaction will include both cash withdrawals and deposits DD/PO Fees
NRI Normal NRI Prime
Free Limit Nil Two Per Month
DD/PO Fees above free limit, if any Rs. 50/- Per DD/PO
Other Fees
Outstation Cheque Collection Fees
Upto Rs. 5000/- : Rs. 25/- Rs. 5,001 - Rs. 10,000 /- : Rs. 50/- Rs. 10,001 - Rs. 1 Lakh : Rs. 100/- Above Rs. 1 Lakh : Rs. 200/-
RTGS Fees Rs. 1 to Rs. 5 Lakhs : Rs. 25/- per Transaction Above Rs. 5 Lakhs : Rs.50/- per Transaction
NEFT Fees
Upto Rs. 10,000/- : Rs. 2.5 per transaction Rs. 10,001 - Rs. 1 Lakh : Rs. 5 per transaction >1 Lakh - Rs. 2 Lakhs : Rs. 15 per transaction Above Rs. 2 Lakhs : Rs. 25 per transaction Speed Clearing Fees Free upto cheque amount of Rs. 1 lakh
Above 1 Lakh - Rs. 150
Axis Bank ATM Fees Nil
Non- Axis Bank ATM Fees: Free Transactional Limit As per Card Variant Non- Axis Bank ATM Fees: Cash Withdrawal fees
beyond free limit Rs. 20/- per transaction
Non- Axis Bank ATM Fees: Balance enquiry fees beyond
free limit Rs. 9.55/- per transaction
International Cash Withdrawal Fees Rs. 125/- per transaction International Balance Inquiry Fees Rs. 25/- per transaction
Surcharge on Railway Tickets purchased with Debit
Card As per Card variant
Fuel Surcharge As per Card variant
Cross Currency Mark-up on International Debit Card
Transactions As per Card variant
TRANSACTION FAILURE FEES
Outward Cheque Return Rs.100/- per cheque
Inward Cheque Return Rs.350/- per cheque
Outstation Cheque Return Rs.100/- per cheque
ECS Debit Failure Rs.350/- per cheque
CONVENIENCE FEES
Duplicate Pin issuance (on IVR) Free
Duplicate Pin issuance (non- IVR) Rs. 100 /- per instance Duplicate Passbook issuance Rs. 100 /- per instance Duplicate Account Statement Rs. 100 /- per instance
Stop Payment Instructions : Cheques Rs. 100 /- per cheque with maximum of Rs. 200/- irrespective of number of Cheques
Stop Payment Instructions : ECS Rs. 100 /- per instance
DD/PO Cancellation Rs. 100 /- per DD/PO
Duplicate DD/PO Issuance Rs. 100 /- per DD/PO
DD/PO Revalidation Rs. 100 /- per DD/PO
Address Confirmation Rs. 100 /- per request
Photo Attestation Rs. 100 /- per request
Account Balance Certificate Rs. 100 /- per request Signature Verification / Attestation Rs. 100 /- per request
FEESfor PIS accounts w.e.f. 1st May '14
REMITTANCE FEES Normal Prime Priority Wealth Privee
PIS Issuance Fees 1,000 1,000 NIL NIL NIL
PIS Annual Maintenance Fees 1,500 1,500 750 NIL NIL
PIS Reporting Fees* 150 150 150 100 75
REMITTANCE FEES
Outward Remittances
Wire Transfer / TT / Swift Rs. 1000 /- per instance Foreign Currency Demand Draft Rs. 2.50 /- per Rs. 1000/- Inward Remittances
FIRC Fees 100/- per Certificate
Foreign Currency Deposit at Branch Rs. 25 /- per instance Foreign Currency Cheque Collection Fees
Collection Charges for all Currencies Rs. 2.50 /- per Rs. 1000/-
Postage Rs. 100 /- per instance
In addition to the above mentioned fees, Correspondent Bank charges & other charges shall be charged and payable by the customer.
Please note the following:
1.
With effect from 1st April, 2014, Monthly Average Balances of all NRI Savings and Current
accounts held under one Customer ID will be consolidated for calculation of Fees to be levied
for that particular month (Balances held in NREPI & NROPI ie PIS accounts, will be not be
considered for Customer ID level consolidation).
2.
In case multiple accounts under the same Customer ID are held across different segments, the
threshold Average Balance for the highest segment will be considered and the corresponding
services charges would be applicable.
3.
With Effect from 1st April 2014, balance maintenance criteria for Savings Segments will move
from 15
thto 14
thof the Quarter to 1
stto end of the Calendar Month.
4.
The changes in the other charge cycles will also move to calendar monthly/quarterly charge
cycle as applicable. For example: Other fees that are currently levied for transactions executed
between 15th to 14th cycle will move to calendar month/quarter. Eg. Cash, DD/PO & Cheque
book charges beyond fee limit which is currently under broken quarter 15th-14th of
quarter/month will move to calendar month/quarter for Non-Salary segments.
5.
NRI Schemes out of scope of the balance maintenance criteria: NRI Salary (NRISL), NRE Zero
(NREZR), NRO Zero (NROZR), ariners Account (SBMIA), Foreign National Account-NRO (NROFN),
Foreign National Account -Resident (SBFRN), Resident Foreign Currency (SBRFC), NRE Staff
(NREST), NRO Staff (NROST) and Foreign National Bangladeshi Account (NROBN).
6.
Salary Segment – Discounts/waivers on any other fees will be as per the relationship
/agreement with the bank.
For more details write to us at
nri.services@axisbank.com
or contact our NRI International Toll Free
Numbers:
India
:
+91-22-2764 8000 (paid service, from anywhere in the world)
USA
:
1855-205-5577 (toll-free)
UAE
:
8000-3570-3218 (toll-free, from Du & Etisalat service providers)
UK
:
0808-178-5040 (toll-free)
Australia
:
1800153861 (toll-free, from Optus, Telestra, Reach, Vodafone & Fixed Lines)
Saudi
Arabia
:
800-850-0000 (toll-free, from Mobily, Zain, GO telecom service providers)
Qatar
:
00-800-100 348 (toll-free, from Qtel telecom service provider)
Canada
:
1855 436 0726 (toll-free)
Singapore
:
800-1206-355 (toll-free)
Bahrain
:
800-11-300 (toll-free, from Zain, Viva, Batelco & Mena telecom service
providers)
Disclaimer:
The information contained in this page is subject to change. Axis Bank Limited does not warrant the accuracy, adequacy or completeness of this information and expressly disclaims liability for errors or omissions in this information.
